Days Inventory is also known as Days Sales of Inventory (DSI). Solid Group's Average Total Inventories for the
three
months ended in Dec. 2023 was ₱772 Mil. Solid Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was ₱476 Mil.
Hence, Solid Group's Days Inventory for the
three
months ended in Dec. 2023 was 148.00.
The historical rank and industry rank for Solid Group's Days Inventory or its related term are showing as below:
PHS:SGI'
s Days Inventory Range Over the Past 10 Years
Min: 102.51 Med: 184.21 Max: 298.45
Current: 167.98
During the past 13 years, Solid Group's highest Days Inventory was 298.45. The lowest was 102.51. And the median was 184.21.
PHS:SGI's Days Inventory is ranked worse than 73.63% of 2408
companies
in the Hardware industry
Industry Median: 101.86
vs PHS:SGI: 167.98
Solid Group's Days Inventory
declined
from Dec. 2022 (172.64) to Dec. 2023 (148.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Solid Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.62.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Solid Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.08.
Solid Group Days Inventory Historical Data
The historical data trend for Solid Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Solid Group's Days Inventory
For the Consumer Electronics subindustry, Solid Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Solid Group's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Solid Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Solid Group's Days Inventory falls into.
Solid Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Solid Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Solid Group (PHS:SGI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Solid Group's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Solid Group's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Solid Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Solid Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Solid Group Inc operates as an investment holding company. It operates its business in various segments that include Distribution involved in the sale of mobile phones and devices, and the sale of prefabricated modular houses; Property and related services involved in the leasing, development and sale of industrial and other real estate properties and hotel and restaurant operations; Logistics and Technical solutions engaged in the business of sale of professional audio and video equipment, after-sales services, warehousing and distribution; and, Investment and others include investment holding companies, and those included in the business of financing and credit extension.
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